For Sale
$2,436,452.80

155 19Th AveLemoore, CA 93245

High-yield, single-tenant net lease property.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 7,489-square-foot, single-tenant retail building in Lemoore, California, currently occupied by a Dollar General store under a corporate-guaranteed net lease. The property, built in 2018, boasts a 15-year lease commencing July 28, 2018, and expiring July 31, 2033, leaving approximately 8.7 years remaining. The building features steel and concrete construction, fire sprinklers, and a freight door, situated on approximately 1.05 acres of land. With a strong 5.30% cap rate and a Net Operating Income (NOI) of $129,132, this asset offers a compelling return on investment. The property enjoys a prominent location, less than 0.6 miles from Highway 41/Bush Street exit, benefiting from high visibility and convenient access. Lemoore's economy is supported by major employers including a Naval Air Station and food processing companies, providing a stable market for retail businesses. The property is zoned CMU and has an APN of 023-420-022-000. This is a turnkey investment with exceptional long-term potential. The asking price is $2,436,452.80.

Highlights

  • Free-standing retail building (7,489 SF) on 1.05 acres in Lemoore, CA, 0.6 miles from Hwy 41.
  • Lemoore, CA location in Kings County, approximately 30 miles south of Fresno.
  • Excellent access to Routes 41 and 198.
  • Downtown Lemoore offers various restaurants and shopping.
  • Strong local employment base including Naval Air Station Lemoore, Olam International, Leprino Foods, and Tachi Palace Casino Resort.

Property Details for 155 19Th Ave

Property type
Retail properties, Grocery and convenience stores
Square Feet
7,489 SF
Year Built
2018
Buildings
1
Units
1

Location Insight

City
Lemoore
County
Kings
State
California
Latitude
36.2973269
Longitude
-119.7995231
155 19Th Ave, Lemoore, California

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155 19Th Ave
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